China will increase defense spending by only 7%
In 2017, China will increase its military budget by 7%, amounting to 1.3% of GDP, which is the slowest pace of growth since 2010. About this informed the official representative of vsekitajsky meeting of national representatives (vsnp) Fu Ying, reports UKRINFORM.
“Every year, we draw up the military budget taking into account China’s economic development and our needs. This year’s military budget will grow by about 7% and amount to 1.3% of GDP”, – stated in the message.
Note, China’s military budget is ranked second in the world after the USA.
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In 2016, China’s military expenditure grew by 7.6% , to 146 billion dollars. In 2015, the country’s defense has been allocated $ 135 billion.
Recall that spending on defense next year will increase dramatically. The President of the United States Donald trump offers to increase the military budget by 10%.
According to the publication, head of the White house intends to cut funding for several government agencies, particularly Federal agencies, the U.S. environmental protection Agency.
No change should remain the cost of the program of preferential social security and health insurance.